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Perfectly positioned just minutes from the University of Canterbury, this property at 12A Karo Place, Ilam is a ready-made investment opportunity with proven student rental appeal.
Set on a 539 sqm section, the property comprises:
• A three-bedroom, one-bathroom main dwelling with heat pump and functional layout.
• A two-bedroom, one-bathroom sleepout at the rear.
• A double freestanding garage plus off-street parking.
Currently assessed to achieve a market rental of around $1,000 per week, this property offers strong income potential and attractive net returns in a high-demand location.
The flat site, low-maintenance grounds, and cul-de-sac setting make it appealing for tenants, while its proximity to shops, transport, and the university ensures consistent occupancy.
With Christchurch's student rental market showing ongoing
